Answer:
$17,000
Explanation:
Step 1: Determine the formula for the direct material used
= Beginning Direct Material Inventory + Purchases of Direct Materials - Ending Direct Material Inventory
The Work in progress values should only find expression Manufacturing Account Statement preparation of production cost.
Step 2: Fit the figures into the formula
Beginning Direct Material = $12,000
Purchases of Direct Materials = $15,000
Closing/ Ending Direct Material = $10,000
Cost of Direct Material Used = $12,000 + $15,000- $10,000= $17,000.
Note: Direct material are those raw materials in production or manufacturing that are directly used, related or traceable to the goods or products manufactured.
Answer:
Option(2) i.e " savings accounts at a local bank." is the correct answer to the given question .
Explanation:
Liquid asset are those asset that are rapidly translated into the cash money.The liquid asset is the connection cash in hand asset or perhaps the asset that can quickly be turned into the cash money.
- We will withdraw the money many number of times it means in the option(2) the money is turned into the cash money. this is an example of the liquid asset .
- All the other options are not turned into the cash money that's why it is not liquid asset .So these are incorrect option.
Answer: Supply chain visibility
Explanation:
Supply chain visibility is the method used by production companies to track the exact location of a product from when it has been produced up to when the product has been successfully delivered to the buyer. With the help of supply chain visibility, the buyer can be able to track the exact location of products they ordered for, at any point in time.
Answer:
debit Accounts Payable—Jones, credit Merchandise Inventory.
Explanation:
When inventory is purchased on account, it increases the merchandise inventory balance along with the liability towards the payment.
When some inventory out of the above is returned, it decreases the inventory, and thus accordingly it is credited by the same.
Further it decreases the accounts payable by the same as such amount is not required to be paid.
Therefore, correct option is
Statement A
Answer:
Letter C po Yong answer sana